Abbott Laboratories (ABT) price prediction for 2022
Predicted price range for Abbott Laboratories Our trading algorithm values Abbott Laboratories (ABT) to be fairly valued. ###PLOTLYGRAPH### The red …
Read ArticlePredicted price range for 3M Company
Our trading algorithm values 3M Company (MMM) to be fairly valued.
The red lines in this plot symbolize the changepoints of the price, meaning that the trend or direction changed, either from a down to an uptrend, or the other way around.
| Name | Value |
|---|---|
| Our valuation | fairly valued |
| Current trend | downtrend |
| Buy/Sell Recommendation | Neutral |
| Current Price | $114.26 |
| 60 Day Prediction | $109.19 |
| 60 Day Pred - Lower Bound | $99.74 |
| 60 Day Pred - Upper Bound | $118.75 |
Our algorithm predicts the future trend with the linear formula (a*x + b = y):
$ price = -0.039 * nr_days_in_the_future + 110.357
Based on this information, our algorithm recommends the trading decision: Neutral. Remember that this is not investment advice, and only a statistical analysis. Do your own research.
Historic price development
MMM traded at $114.26 this Friday October 14th, gaining since last week.
Looking back, over the last month, MMM has been loosing $-2.38 or -2.08 percent.
Over the last year, it has been loosing $-68.05 or -59.56 percent.
Seasonality of 3M Company
Using our AI model, we have been analyzing the value change for 3M Company depending on the day or month of a year. This can be seen in the following graph:
